Schroders Global Market Perspective
Schroders Global Market Perspective is a quarterly document which outlines Schroders' views of likely developments over the next twelve months and gives clients a flavour of the debate and analysis at the Cyclical Market Forum and the Global Asset Allocation Committee. It is wide ranging, containing views on the outlook for different regions of the world economy.
| Published Date | List Of Documents |
|---|---|
| 02/07/2010 | Schroders Global Market Perspective - Q3 2010 (765 KB)
It has been a poor quarter for risk assets with equity markets falling sharply whilst US treasury bonds have rallied. Investors have become increasingly concerned about the crisis in the Eurozone with many now questioning whether the single currency will still exist in a few years time. |
| 22/03/2010 | Schroders Global Market Perspective - Q2 2010 (1288 KB)
Equity markets have made a volatile start to the year with the S&P 500 losing ground in January and February before rallying in March. The global recovery continues, but the new year has brought new worries causing investors to pause for breath after the record gains of the last year. |
| 05/01/2010 | Schroders Global Market Perspective - Q1 2010 (1240 KB)
Heading into 2010, markets appear to be pausing for breath, holding their ground but reluctant to make new highs. Recovery plays and high beta sectors have lost ground and the US dollar has staged a rally after weakening for much of the year alongside the rally in risk assets. |
| 06/10/2009 | Schroders Global Market Perspective - Q4 2009 (1339 KB)
One year on from the collapse of Lehman Brothers, the world economy is out of recession and risk assets are rallying strongly. Over the last quarter, we have seen the S&P 500 break through 1000 and the FTSE 100 go through 5000. Credit has continued to perform and along with emerging market equities, high yield bonds have returned to their pre-Lehman bankruptcy levels. |
| 02/07/2009 | Schroders Global Market Perspective - Q3 2009 (1260 KB)
Markets have staged a dramatic turnaround over the past quarter with investors returning to risk assets. Global equities have risen more than 30% from the lows of early March, while the emerging markets are up some 50% over the same period. We have also seen strong rallies in the credit and commodity markets while the US dollar has weakened. Meanwhile, alongside hopes of recovery, government bond yields have risen. |
| 03/04/2009 | Schroders Global Market Perspective - Q2 2009 (1706 KB)
Hopes that markets would enjoy a period of stability were dashed in the first quarter of the year as it became clear that the downturn in the world economy would be deeper than previously anticipated. Meanwhile, it also became apparent that the problems of the financial sector remained significant as the banks announced a set of truly appalling results for the fourth quarter of 2008. |
| 05/01/2009 | Schroders Global Market Perspective - Q1 2009 (1390 KB)
Equity and credit markets went from bad to worse during the fourth quarter such that the S&P500 now looks set to record its second worst calendar year performance since 1871. The fall out from the bankruptcy of Lehman Brothers in September was far greater than imagined, resulting in a sharp rise in risk aversion. |
| 20/11/2008 | Schroders Global Market Perspective - Q4 2008 (2802 KB)
Hopes that the problems in the banking sector were beginning to heal were dashed during the third quarter. In a tumultuous period, which culminated in the proposal by the US government of a $700 billion fund to buy troubled assets from financial institutions, we saw the mortgage providers Fannie Mae and Freddie Mac taken into public ownership, the investment bank Lehman file for bankruptcy and the US government bail out the insurance company AIG. In the meantime, the US Federal Reserve and central banks around the world have pumped funds into the markets to improve liquidity. |
| 26/06/2008 | Schroders Global Market Perspective - Q3 2008 (4826 KB)
Action by the US Federal Reserve to tackle the risk of a systemic crisis in the banking sector gave a temporary lift to risk assets over the second quarter. The decision by the US central bank to facilitate the take-over of Bear Sterns saw equity and credit markets rally as the tail risk of a series of bank failures and a deep recession in the US faded. |
| 04/04/2008 | Schroders Global Market Perspective - Q2 2008 (5797 KB)
Fear has driven markets over the past quarter with investors fleeing from risk assets. Evidence that the US economy has entered a recession combined with ongoing liquidity problems in the financial system have driven investors out of equities and credit and into the safety of government bonds. |
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